Daily Pivots: (S1) 1.6476; (P) 1.6528; (R1) 1.6586; More… Range trading continues in EUR/AUD and intraday bias stays neutral. Deeper decline is expected with 1.6793 resistance intact. On the downside, break of 1.6452 will resume Read more…
Daily Pivots: (S1) 0.8638; (P) 0.8670; (R1) 0.8688; More…. Intraday bias in EUR/GBP remains neutral for the moment. On the upside, decisive break of 0.8700 resistance will carry larger bullish implication and bring stronger rally Read more…
Daily Pivots: (S1) 0.9658; (P) 0.9676; (R1) 0.9694; More… Intraday bias in EUR/CHF is turned neutral again as it retreated again after edging higher to 0.9691. For now, further rally will stay in favor as Read more…
WTI futures climb to their highest level since August 2022 Advance shows no signs of easing so far, bulls eye crucial 100 psychological mark But RSI, stochastics and Bollinger bands point at overbought conditions WTI oil futures (November Read more…
Daily Pivots: (S1) 1.3480; (P) 1.3512; (R1) 1.3528; More…. Outlook in USD/CAD remains unchanged as consolidation from 1.3378 is in progress. Further decline remains mildly in favor. Break of 1.3378 will resume the fall from Read more…
Daily Pivots: (S1) 0.6320; (P) 0.6365; (R1) 0.6397; More… AUD/USD’s down trend from 0.7156 resumed by breaking through 0.6356 and intraday bias is back on the downside. Current fall should target 100% projection of 0.7156 Read more…
Daily Pivots: (S1) 1.0468; (P) 1.0523; (R1) 1.0558; More… Intraday bias in EUR/USD stays on the downside at this point, as fall from 1.1274 is in progress. Break of the near term falling channel indicates Read more…
Markets An eerie calm over bond markets yesterday ended abruptly. Yields suddenly shot up, erasing the few basis points they lost up until that moment. Moves in the US ranged between +4.4 and +8.3 bps Read more…
The selloff in bonds continues on US government drama. The sell-off in US 10-year papers accelerated yesterday and the 10-year yield spiked to 2.64%. The 2-year yield however, which captures the expectations on Federal Reserve Read more…
Market movers today In the euro area, we receive inflation data from Spain and Germany which will give some clues ahead of the aggregate euro area inflation print tomorrow.In the US, Powell hosts a town Read more…